Strength through Freedom and Prosperity
BY ZVIAD KLIMENT LAZARASHVILI, EDITOR-IN-CHIEF
By the first century AD the shores of the Atlantic to India were settled by the people speaking closely related languages: Persians, Greeks, Latins, Armenians, Celts, Germans and even late comers, such as Slavs… communicated in similar dialects, all descended from the Proto-Indo-European tongue spoken in Eurasia about 6,000 years past. Continue reading “THE EUROPEANS”
There is no gainsaying that “what one racial group has done, another racial group can do even better.” In this sense, capitalism can liberate Africa the way it did the United States. Indeed it appears to be the only panacea for Africa’s economic stagnation. This is on the assumption that a productive population can never be extremely poor, and that most of the world’s poor are so because they stay idle for most part of the year. Continue reading “MICRO-CAPITALISM – THE PANACEA FOR AFRICA”
The key to investment success is philosophical consistency. And there are essentially three approaches to managing equity portfolios. Each approach has advantages, as well as disadvantages, but success always requires discipline.
Continue reading “PROSPERITY VS. POMPOSITY”
BY THE LAISSEZ-FAIRE FRATERNITY
Success requires rational behavior and markets are about chaos.
An investment methodology will work until real money is deployed.
Risk and reward are related in theory because academic models can only work with that assumption.
Most investment models are based upon historical relationships. Historical relationships are harmful and misleading
Continue reading “AXIOMS OF INVESTMENT MANAGEMENT”